Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Cuts Position in Vantiv, Inc. (VNTV)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in shares of Vantiv, Inc. (NYSE:VNTV) by 12.2% during the second quarter, Holdings Channel reports. The fund owned 21,221 shares of the business services provider’s stock after selling 2,936 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Vantiv were worth $1,344,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its position in Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock worth $113,000 after buying an additional 408 shares during the last quarter. IFP Advisors Inc increased its position in Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock worth $123,000 after buying an additional 1,060 shares during the last quarter. WINTON GROUP Ltd bought a new position in Vantiv during the first quarter worth about $203,000. Pacer Advisors Inc. increased its position in Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock worth $205,000 after buying an additional 1,739 shares during the last quarter. Finally, Court Place Advisors LLC bought a new position in Vantiv during the second quarter worth about $213,000. Institutional investors own 82.85% of the company’s stock.
Shares of Vantiv, Inc. (VNTV) opened at 72.28 on Friday. The stock has a 50 day moving average of $65.12 and a 200 day moving average of $63.82. Vantiv, Inc. has a one year low of $52.50 and a one year high of $72.59. The stock has a market cap of $11.66 billion, a P/E ratio of 61.10 and a beta of 0.61.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $530 million during the quarter, compared to analyst estimates of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. Vantiv’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 EPS. On average, analysts forecast that Vantiv, Inc. will post $3.35 EPS for the current year.
A number of research firms recently issued reports on VNTV. Wedbush reiterated a “neutral” rating and set a $65.00 target price (up previously from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Stifel Nicolaus reiterated a “hold” rating and set a $66.00 target price on shares of Vantiv in a research report on Thursday, June 1st. KeyCorp downgraded shares of Vantiv to a “hold” rating in a research report on Monday, June 12th. Deutsche Bank AG reiterated a “buy” rating and set a $72.00 target price (up previously from $67.00) on shares of Vantiv in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Vantiv from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Eight analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $72.04.
In other news, insider Matt Taylor sold 11,622 shares of Vantiv stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the completion of the transaction, the insider now owns 64,269 shares of the company’s stock, valued at approximately $4,057,944.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.27% of the stock is owned by insiders.
Vantiv Company Profile
Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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